First Quarter 2014 Operating Results

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

November 20, 2013

First Quarter 2014 Operating Results

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - Nov. 20, 2013) - Rambler Metals and Mining plc
(TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and
Labrador, Canada, today provides an operational update for its fiscal first quarter ending 31 October 2013 - a period
which marks the company's first full year of commercial production.

HIGHLIGHTS IN THE QUARTER:

--  Record production of 6,591 tonnes of copper concentrate representing a
    26 per cent increase over the Quarter ending 31 October 2012

--  Record dry tonnes milled of 55,659 tonnes (18 per cent increase)
    resulting in the production of:

    --  1,956 tonnes of Copper (26 per cent increase)

    --  1,655 ounces of Gold (28 per cent increase)

    --  11,870 ounces of Silver (20 per cent increase)

--  Head grades of Copper 3.71 per cent, Gold 1.64 grammes per tonne and
    Silver 9.22 grammes per tonne with recoveries to concentrate for Copper
    96 per cent, Gold 62 per cent and Silver 76 per cent

--  Concentrate grade for Copper 29.7 per cent, Gold 7.8 grammes per tonne
    and Silver 56.0 grammes per tonne

Robert P. McGuire, P.Eng, General Manager, commented:

"We are again very pleased to see record tonnage and metal produced while head grades and recoveries for copper and
silver remained above planned targets. We now believe that the copper circuit is running at optimal performance levels
allowing time for further analysis into precious metal recovery.

"These results leave us well placed for meeting our formal fiscal 2014 guidance."

George Ogilvie, P.Eng, President and CEO, commented:

"The steady state production that we are now seeing at the operation is a testament to the hard work and dedication we
have seen from the team since inception. I have every confidence that the successful operation that we have built
together will continue to thrive under the guidance of our Senior Management Team."

OPERATIONAL SUMMARY

For the first full 12 months in commercial production the Company milled 193,056 dry metric tonnes and produced 20,393
tonnes of copper concentrate with 5,909 tonnes of copper metal, 4,792 ounces of gold and 35,828 ounces of silver. The
average feed grade during this period was 3.63 per cent copper, 1.41 grammes per tonne gold and 9.03 grammes per tonne
silver followed by a mill recovery of 93 per cent, 62 per cent and 72 per cent for copper, gold and silver respectively.

                                Q2 2013     Q3 2013     Q4 2013     Q1 2014
                             (Nov, Dec,  (Feb, Mar,  (May, Jun,  (Aug, Sep,
PRODUCTION                         Jan)        Apr)        Jul)        Oct)

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Dry Tonnes Milled                46,463   43,907(i)      47,027      55,659
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Copper Recovery                      89%         91%         94%         96%
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Gold Recovery                        58%         62%         65%         62%
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Silver Recovery                      68%         71%         73%         76%
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Copper Head Grade (%)              3.14        3.59        4.05        3.71
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Gold Head Grade (g/t)              1.13        1.29        1.52        1.64
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Silver Head Grade (g/t)            7.19        8.68       10.95        9.22
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CONCENTRATE
(Produced and Stored in Warehouse)
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Copper (%)                         27.6        27.9        30.0        29.7
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Gold (g/t)                          6.7         6.7         7.7         7.8
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Silver (g/t)                       51.0        51.4        58.6        56.0
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Dry Tonnes Produced               3,983       4,575       5,244       6,591
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Copper Metal (tonnes)             1,101       1,278       1,574       1,956
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Gold (ounces)                       853         987       1,297       1,655
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Silver (ounces)                   6,528       7,557       9,873      11,870
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Note:  (1) Table showing first twelve months in commercial production
       (2) (i) Freezing of the course ore bin in February

Details of the Company's financial performance, including capital expenditure and operating costs, will be included in
its Q1 2014 financial results to be released on or before Tuesday, 10 December 2013.

FISCAL 2014 FORECAST

The operational results for the Q1 2014 quarter are in line with the fiscal forecast. Copper production for the 2014
fiscal year is forecast between 5,700 and 6,840 tonnes of metal with 4,500 to 5,500 ounces of gold in concentrate and
32,000 to 39,000 ounces of silver.

PRODUCTION - Fiscal 2014               CONCENTRATE - Produced

-------------------------------------  -------------------------------------
-------------------------------------  -------------------------------------
Dry Tonnes Milled   200,000 - 220,000  Copper (%)                    27 - 30
-------------------------------------  -------------------------------------
                                       Gold (g/t)                      6 - 8
-------------------------------------  -------------------------------------
Copper Recovery             92 - 94 %  Silver (g/t)                  45 - 55
-------------------------------------  -------------------------------------
Gold Recovery(i)            63 - 67 %
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Silver Recovery             55 - 65 %  Dry Tonnes Produced   20,000 - 24,000
-------------------------------------  -------------------------------------
                                       Copper Metal
                                       (tonnes)                5,700 - 6,840
-------------------------------------  -------------------------------------
Copper Head Grade
 (%)                            3 - 4  Gold (ounces)(ii)       4,500 - 5,500
-------------------------------------  -------------------------------------
Gold Head Grade
 (g/t)                          1 - 2  Silver (ounces)       32,000 - 39,000
-------------------------------------  -------------------------------------
Silver Head Grade
 (g/t)                          6 - 8
-------------------------------------  -------------------------------------
-------------------------------------  -------------------------------------
Note:  (1) (i)Gold recovery to concentrate only
       (2) (ii)An additional 2,500 - 3,500 oz Gold is being forecast from
       the gold hydromet

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development Company that in November 2012 brought its first mine into commercial production. The
group has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing
facility and year round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and
Labrador, Canada.

The Company's Vision is to be Atlantic Canada's leading mine operator and resource developer through the expansion of
the Ming Mine, discovering new deposits and through mergers and acquisitions. Rambler listed on the London AIM in 2005
and Toronto TSX-V in 2007.

Larry Pilgrim, P.Geo., is the Qualified Person responsible for the technical content of this release and has reviewed
and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining Canada
Limited.

Tonnes referenced are dry metric tonnes unless otherwise indicated.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements:

Certain information included in this press release, including information relating to future financial or operating
performance and other statements that express the expectations of management or estimates of future performance
constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements
regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future
development and production and statements concerning possible expansion opportunities for the Company. Where the Company
expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on
assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation,
the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity
of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of
personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking
statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially
from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not
limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future
capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results,
developments or events to differ materially from those anticipated include, among others, increases/decreases in
production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost
per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans;
reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining
or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits,
importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on
forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in
their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date
hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking
statements or any forward-looking statements contained in any other documents whether as a result of new information,
future events or otherwise, except as required under applicable law.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921

OR

Rambler Metals & Mining Plc
Corporate Office
[phone]
[phone] (FAX)
www.ramblermines.com

OR

Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
[phone]

OR

Blythe Weigh Communications
Tim Blythe / Halimah Hussain
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

Rambler Metals & Mining Plc